XCMG(SZ:000425)2025-04-21 12:14Group 1: Asset Acquisition Overview - The company plans to acquire 51% of Xuzhou Xugong Heavy Vehicle Co., Ltd. for 8.21 billion CNY, with an overall valuation of 16.11 billion CNY [2][3] - Xuzhou Xugong Heavy Vehicle Co., Ltd. was established on December 11, 2020, with a registered capital of 45 million CNY and projected revenue of 2.288 billion CNY and net profit of 129 million CNY for 2024 [2][3] - This acquisition will enhance resource integration and maximize collaborative value, aligning with the company's strategic goals in the global open-pit mining machinery sector [2][3] Group 2: Market and Product Strategy - The integration of the wide-body truck business will create a comprehensive product series in the open-pit mining machinery sector, providing complete solutions for global mining customers [3] - The company is optimistic about the future of the mining machinery business, driven by increasing demand for new energy minerals and stable growth in global mineral resource development [3] - The company aims to position mining machinery as a strategic emerging industry and growth driver within its "second curve" strategy [3] Group 3: Competitive Advantages and Financial Projections - The company leverages its core components in "three electrics" to enhance the competitiveness of new energy mining machinery, with established experience in application scenarios [3] - The valuation date for the acquisition is set for June 30, 2024, with performance commitments for the acquired company to achieve net profits of at least 144 million CNY, 161 million CNY, and 181 million CNY over three years, totaling no less than 486 million CNY [3] - The performance commitment agreement has been signed with the transaction counterparties, ensuring accountability for the projected financial outcomes [3]